Chambal Showing Strength?

Jul 14

Current Price: ₹544.70
Setup Type: Fresh breakout post volume-led reversal. Not a random move — this is a tradeable structure.

1. Structural Reversal:
After a sharp sell-off last week, stock forms a base around ₹526–530. That’s your first signal. Today’s price action shows clear rejection of lower levels, with strong buying into the previous supply zone of ₹540–542. The weak hands are out — now it’s a cleaner trade.
2. Volume Tells the Truth:
Breakout candle isn’t just cosmetic — it’s backed by conviction volume, not algo spikes. This isn’t a retail chase. You don’t get this kind of volume just from optimism — it’s someone serious positioning.
3. Risk-Reward Tilted in Favor:
Your downside is ₹539–540. Keep that as a line in the sand. Upside has legs till ₹560–563 cleanly. So you’re risking ₹5 for ₹15+.
4. Macro Fit:
Urea/fertiliser subsidy announcements are around the corner. Input prices globally are softening. This isn’t a bet on a “theme,” but there’s a tailwind if it wants to run.

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Actionable Levels:
• Buy: ₹544–546
• Stop-Loss: ₹539 (strict)
• Target 1: ₹553
• Target 2: ₹560–563
• Stretch: ₹570 (only if market tailwinds support)

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This is not a portfolio stock. This is a position trade, backed by structure and psychology. It’s where risk-reward makes sense, not where narratives are sold.

Jul 17

Trade closed: target reached